Overview

* DPM Metals ( DPMLF ) Q3 adjusted EPS and adjusted EBITDA beat analysts' estimates

* Revenue rose 82% yr/yr to $267.4 mln

* Company completed acquisition of Adriatic Metals, integrating Vareš operation into portfolio

Outlook

* DPM expects higher Vareš production in 2026 than previously anticipated

* Čoka Rakita feasibility study on track for completion by year-end 2025

* DPM increases Serbian exploration budget to $28 mln-$30 mln due to positive results

Result Drivers

* VAREŠ INTEGRATION - DPM completed acquisition of Adriatic Metals, integrating Vareš operation with expectations for higher production in 2026

* REVENUE GROWTH - Growth was supported by higher realized metal prices and higher volumes of gold sold

* RECORD FREE CASH FLOW - DPM generated $147.7 mln of free cash flow in Q3 2025

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $267.40

Revenue mln

Q3 Beat $0.73 $0.65 (5

Adjusted Analysts

EPS )

Q3 $129.20

Adjusted mln

Net

Income

Q3 Net $96 mln

Income

Q3 Beat $165.70 $152.10

Adjusted mln mln (2

EBITDA Analysts

)

Q3 Free $147.70

Cash mln

Flow

Q3 $108.30

Pretax mln

Profit

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)